, and the wealthiest, biggest producing states, california, new york, texas, and florida, are going to be the biggest revenue losers because of that money being taken from them and sent to washington. and you have a state like california where the governor is trying to engineer a tax increase on top of that. how this cannot have a depresssive effect on the economy is hard to see. >> i think we also know the super wealthy know how to work the tax system. so unless there's fundamental tax reform that gets rid of a lot of the loopholes and tax advantages, someone who is very wealthy can use, you're not going to collect those revenues. more of the same with basically middle income class people getting hit. >> which of the tax increases won't take place if mitt romney is elected? >> romney said he doesn't want the big hikes on income or investment. >> going to repeal obamacare. >> also saying he wants tax reform to bring down the corporate rate to something roughly competitive with the world. i think the hope is that you would probably see if romney is elected, a postponement of the big fiscal decisions.